Lay peach slices in a glass baking dish. Drizzle honey over peaches, then cinnamon. Cut one tablespoon of the butter into small pieces. Place on top of the peaches. In a medium bowl mix the egg, sugar and the other tablespoon of butter. Sift flour and baking powder into egg mixture and stir until blended. Spoon mixture over top of peaches. Place in oven and bake for 25 minutes or until top is golden brown.